123 2nd Ave - Apartments FOR SALE


New York, NY 10003- East Village
$14,500,000 USD
914-772-6500
123 2nd Ave, New York, NY for Sale
$14,500,000 USD
Apartments - FOR SALE
1/6
null | 3.88% Cap Rate

123 2nd Ave
New York, NY 10003
East Village


HIGHLIGHTS

  • Heavy traffic, 3 buildings on the corner with stores(restaurants) units 10 studio 8 2 bedrooms and 2 stores
  • Renovated apartments

OVERVIEW

Three buildings for sale 10 units (studio) $14,247.42 8 unit(2 BED rooms ) $22,457.25 two stores (restaurants)$27,145.00 Cap Rate 4% Debt coverage ratio 1.72 Annual Debt service $317,380.04 Real estate taxes $12,3631,36 /Annual insurance $ 23,000.00 Water &Sewer $22,666.00 Trash $4,266.00 Electric $28,000.00 Other $1,466.00 Total annual expenses $203,029.36 First mortgage $2,300,000.00 Rate 4.99% Payment $26,488.17 /Month

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$1,383 USD /SF

# OF UNITS

20

PRICE/UNIT

$725,000

CAP RATE

3.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment properties $14.5 millions

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

R7A

APN/PARCEL ID

0463-0032

ASK ABOUT THIS PROPERTY

Kenji KoraRESCO Properties,incMore Info
914-772-6500

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Kenji KoraRESCO Properties,incMore Info
914-772-6500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.